MОNVID - THЕ VIDЕОЅ STREAMING PLАTFОRM
There has been a great shift in the way people consume media. There has been a positive shift towards video owing to the ease of viewing. But, with ease of usage, comes expensive subscriptions, content restrictions and so on. Moreover, 2 billion working-age adults who view videos do not have access to a credit card or any form of banking services.
Hence, the monvid platform has created a new ecosystem where it can cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free. It is based on the blockchain technology with a decentralized community network of users.
The ecosystem
The core ecosystem will be functioning in two different ways- Peer-to-Peer Video Sharing which will enable the content owners and video creator to share their videos for everyone to see for free without any fees. The video can then be rewarded by the members of the community. The users will receive these rewards at no additional or hidden cost. Here, the type of streaming is transparent, flexible and private.
The other functionality is Proxy Video Streaming- where the users of the platform will be able to bypass any restrictions that would have hindered it from streaming videos on an otherwise regular centralised ecosystem platform. TO put it simply, if a user is one country and the creator is another country and the user wants to stream the creators content but due to some restrictions cannot in the regular streaming app with Monvid all those restrictions can be easily bypassed and the video streamed.
The core ecosystem will be functioning in two different ways- Peer-to-Peer Video Sharing which will enable the content owners and video creator to share their videos for everyone to see for free without any fees. The video can then be rewarded by the members of the community. The users will receive these rewards at no additional or hidden cost. Here, the type of streaming is transparent, flexible and private.
The other functionality is Proxy Video Streaming- where the users of the platform will be able to bypass any restrictions that would have hindered it from streaming videos on an otherwise regular centralised ecosystem platform. TO put it simply, if a user is one country and the creator is another country and the user wants to stream the creators content but due to some restrictions cannot in the regular streaming app with Monvid all those restrictions can be easily bypassed and the video streamed.
The core technology
The core technology that the developers are using is decentralized blockchain technology. Here, the content is stored in packets which is highly encrypted and can’t be controlled by any agency or government. This is highly transparent and secure as the ownership of these packets will be given to the user itself. They will be building internal CDN service on the blockchain network for user to easily can join and host videos and movies to give a better possibility of serving contents
The core technology that the developers are using is decentralized blockchain technology. Here, the content is stored in packets which is highly encrypted and can’t be controlled by any agency or government. This is highly transparent and secure as the ownership of these packets will be given to the user itself. They will be building internal CDN service on the blockchain network for user to easily can join and host videos and movies to give a better possibility of serving contents
ICO and crowdsale
The token is denoted by the symbol MVID. The token is a highly functional token which is ERC-20 standard compliant and can be held in most common digital wallets. The ICO will begin from 15th of April 2018. The MVID token is priced at an exchange rate of 0.00005 ETH, which is equal to about $0.03 with the current rate of Ethereum. The sale is expected to end around 30th of April 2018. During the Token-Sale there will be up to 100% fix bonuses and also upto 20% bonuses.
The token is denoted by the symbol MVID. The token is a highly functional token which is ERC-20 standard compliant and can be held in most common digital wallets. The ICO will begin from 15th of April 2018. The MVID token is priced at an exchange rate of 0.00005 ETH, which is equal to about $0.03 with the current rate of Ethereum. The sale is expected to end around 30th of April 2018. During the Token-Sale there will be up to 100% fix bonuses and also upto 20% bonuses.
The company strongly believes that video consumption is the next big thing in the virtual space and involving cryptocurrency and blockchain technology will disrupt the entire industry in a positive manner. Their team has experienced members having a wide rage of knowledge in developing such application, which serves as a strong backbone to the company. Do visit their website for more information regarding the company and their initial Coin offering.
For More Information :
Website :https://www.monvid.io/
Whitepaper: https://monvid.io/docs/white-paper.pdf
Facebook: https://www.facebook.com/monvid.net
Twitter: https://twitter.com/monvid_io
Telegram: https://t.me/monvid_io
Author Bitcointalk Profile : Tirta1
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